Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.
Germany’s accounting regulator, APAS, is looking at his role as part of a review of EY’s auditing, said the people, who declined to be identified because the information isn’t public. Loetscher and three EY auditors are scheduled to testify at a parliamentary committee Thursday about their work for Wirecard. They are expected to invoke legal privilege and not answer any questions about their accounting work.
